Category: Lottery

Gambling in its various forms has been popular for centuries in different cultures all over the entire world. Whether through the national lottery, in horse racing tracks or in casino table games, people are wagering their money hoping to win big time. Although the number of people who go home with life changing winnings is much smaller than the number of people who have left their money in the casinos, race tracks or bingo halls, the popularity of the pastime has not been reduced through the years.

Despite the low odds of stepping out as winners in most popular forms of gambling is a well known fact, even though gambling suffers from a bad reputation and even when it is illegal, gambling is still one of the most popular pastimes in the world. So, why do people gamble? The most obvious answer would be money, but it will not be a full answer. There are many other reasons that drive people to the nearest gambling facility. Here we will try to offer an answer to this disturbing question.

Luck: the irrational believe in luck is engraved in most of us. These unexplained gut feelings that a special day or a certain number is luckier than the others are sends a lot of people to gamble or even gamble on the same numbers over and over again.

Social Purposes: have you ever wonder how can a group of people beat the pants off someone in a poker game and remain best buddies? You can see it in bingo halls, casino bars and friendly poker games: many people see gambling as an opportunity to make new friends or spend time with old friends in addition to the chance of earning additional money.

Entertainment: many people visit casinos and play their favorite casino games simply because they love it and they are having a great time. In Las Vegas casinos for example, you will meet more recreational gamblers who see gambling as part of their vacation activities than professional gamblers who take gambling as a serious source of income.

Excitement: the act of gambling apparently can give you quite an adrenaline rush. Regardless of the money aspect, the anticipation of the outcome of the game while still not knowing whether it would match your bet is what makes all forms of gambling so thrilling and exciting.

Relaxation: as opposed to the accelerated adrenaline rush described by many gamblers, many gamblers find the gambling experience relaxing. When you think about it, what can be more relaxing than ending a busy work week in the comfortable casino atmosphere, playing your favorite game and served free drinks?

Boredom: whether exciting or relaxing, when the daily lives become an unbearable routine, gambling can serve as a way to escape reality.

Money: in addition to all the reasons mentioned above, gambling allegedly provides an opportunity to can earn unbelievable amounts of money within short time and minimum investment. Even if you are aware to the exact mathematical odds of beating each and every gambling game, if you are an optimist by nature, this slightest chance would nevertheless drive you to a casino, a bookie, a lottery terminal or a bingo hall.

What is a Structured Settlement? A Structured Settlement is a Settlement in which you receive “Structured” payments on a regular basis. In other words, it is a payment plan, in which, instead of getting a large lump sum, you receive smaller payments in increments. These increments go on weekly, monthly or yearly cycles. These settlements are often known as a win-win situation because the payer needs to come up with a lot less money up-front and the payee has a steady stream of income coming in at all times. This process can also be described as Annuity.

When are structured settlements used? Structured Settlements are often, but not limited to, these common situations:

1.Lottery Winnings Often times, in the Lottery, you can opt to receive numerous smaller payments in exchange for a single larger payment.

2.Malpractice Cases In situations where a family member is lost or left crippled due to medical malpractice, the party may be entitled to a structured settlement over the span of the victim’s life or as a grievance payment. These payments don’t fix things, however, they are meant to make living a little bit easier for the victims and families.

3.Insurance Cases In many insurance cases, this form of settlement is used. This is because it is easier to make smaller payments over a longer period of time as well as the damage left behind may be better dealt with over time.

Understanding these concepts are important in the process of properly handling your income. It is important also to understand how money works over periods of time. Over long periods of time the value of the dollar is likely to decrease. This means if one was to receive, for example, $1000 a month for 20 years, that $1000 dollars could only be worth $500 at the end of the term. This is one reason some people decide to sell their structured settlement for a large lump sum.

One people decide to sell their structured settlement there are numerous reasons behind it. The first reason may be that, due to their immediate needs, they need a larger amount of money right away. A good example of this would be when buying a new car or home. Another reason people decide to sell is because they would like to invest it into something that gains equity over time and actually grows in value rather than decreases. Some people want to fight the cost of inflation and take the monthly payments and re-invest. This is the wiser choice of the two most of the time.

When selling your structured settlement or selling Annuity, it is almost always advised that you do your homework first. Don’t sell to the highest bidder right off the bat. Before hand you should read up on what your options are. Seek the help of a broker, a financial advisor and a legal professional first. By doing this, you can protect yourself from scam artist to defend yourself from transactions lacking in integrity. It is always smarter to take the safest route possible. Selling Annuity can be dangerous so it is always wise to make slow and steady steps.